• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple and Riot: Dispute Over Bitcoin Reserve

user avatar

by Giorgi Kostiuk

a year ago

The Strategic Bitcoin Reserve (SBR) initiative has sparked a dispute between Ripple Labs and Riot Platforms.

Ripple and Riot Platforms Conflict

Pierre Rochard, VP of Research at Riot Platforms, believes Ripple directs its efforts towards political influence to prevent the SBR from being established. He argues that Ripple focuses on protecting XRP rather than supporting Bitcoin.

Ripple's Defense and Accusations

Rochard points out that the real challenge to SBR doesn't come from financial regulators but from Ripple's aggressive lobbying. He suggests that Ripple seeks to control the crypto narrative and advocate for central bank digital currencies on its platform.

Garlinghouse refuted these claims, stating that Ripple's activities advance the potential for establishing a Bitcoin reserve.CITE_W_A

Impact on Crypto Future

Ripple’s defense highlights the complex dynamics surrounding the push for a Bitcoin reserve and its broader implications for the future of crypto. Trump's administration continues to strengthen its presence in the crypto world, appointing pro-crypto individuals to key regulatory positions, aligning with campaign promises.

The situation around creating a Bitcoin reserve reveals complex interrelations among major industry players and their strategic interests.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Mississippi College School of Law Introduces Mandatory AI Course for First-Year Students

chest

Mississippi College School of Law mandates a course on artificial intelligence for first-year students, reflecting the growing importance of AI in the legal field.

user avatarMiguel Rodriguez

Legal System Faces Challenges with AI Integration Amid Court Rulings

chest

The integration of artificial intelligence in the legal system is facing significant challenges due to recent court rulings, including concerns about the reliability of AI-generated information and the lack of attorney-client privilege for conversations with AI chatbots.

user avatarLuis Flores

Michael Arrington Highlights XRP's Role in Crypto Infrastructure Development

chest

Michael Arrington discusses the limitless potential of the XRP ecosystem and Ripple's role in developing essential infrastructure for the crypto industry.

user avatarArif Mukhtar

New York Takes Legal Action Against Coinbase and Gemini for Gambling Law Violations

chest

New York has filed lawsuits against Coinbase and Gemini for allegedly violating state gambling laws by offering prediction markets.

user avatarMaria Gutierrez

New York AG Letitia James Sues Coinbase and Gemini Over Illegal Gambling

chest

New York Attorney General Letitia James has filed a lawsuit against Coinbase and Gemini for allegedly operating illegal prediction markets without the necessary licenses.

user avatarDavid Robinson

Amazon Expands Partnership with Anthropic with $25 Billion Investment

chest

Amazon has announced a significant investment in AI startup Anthropic, enhancing their partnership with a total potential stake of $33 billion.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.